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ramsay09
23 juin 2020 10:32

Kijun-Price Distance 

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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This script shows optional:

- distance between close price and Kijun-Sen

- distance btween Tenkan-Sen and Kijun-Sen

- Background color of current time frame

- Background color of the next higher time frame

Notes de version

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minor improvements

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MTF Price-Kijun distance histogram for 4H, D, W and M added

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Screenshot issue.

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Screenshot issue.

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Some code improvements.

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Bug removed on Tenkan - Kijun distance plot

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Kijun-dist X tenkan-kijun-dist signal added.

Notes de version

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Kijun-dist X Tenkan-dist signal added.

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Screenshot issue.

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Tooltips added and minor changes.

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Code updated.

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Script converted to Pine v5.
Trend Analysiskijun-sentenkan-sendistancebackground-color
Commentaires
Targaryentrade
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I dont fully understand the indicator. What does it mean when price crosses the 0 line?
antares1010
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@Targaryentrade, this means that Price has gone below Kijun Sen in whatever time frame u r in
antares1010
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This is what I was looking for exactly..grt work
martini71
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@antares1010, Exactly how do you use this indicator?
antares1010
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@martini71, if Kijun Sen has become flat and price is more than 3 ATR from KS then I don’t take new posn.,wait for pullbacks.More info can also gained by looking whether Price has touched KS atleast once in last 26 candles..safe investing.
Riskyscalps
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I just discovered your indicator and it matches exactly a strategy that I have been building with Ichimoku. Amazing work and great idea-execution!!
ramsay09
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@Rightmood, Thanks.
martini71
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@Riskyscalps, Exactly how do you use this indicator?
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